Worldquant Millennium Advisors LLC Purchases 82,394 Shares of EOG Resources, Inc. (NYSE:EOG)

Worldquant Millennium Advisors LLC boosted its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 329.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 107,385 shares of the energy exploration company's stock after purchasing an additional 82,394 shares during the period. Worldquant Millennium Advisors LLC's holdings in EOG Resources were worth $13,163,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Essex Financial Services Inc. grew its position in shares of EOG Resources by 1.3% during the 4th quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company's stock valued at $753,000 after acquiring an additional 79 shares during the period. Valmark Advisers Inc. raised its holdings in EOG Resources by 2.6% in the 4th quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company's stock worth $385,000 after purchasing an additional 79 shares during the period. Deseret Mutual Benefit Administrators raised its holdings in EOG Resources by 8.8% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 989 shares of the energy exploration company's stock worth $121,000 after purchasing an additional 80 shares during the period. 1ST Source Bank lifted its position in EOG Resources by 1.5% during the fourth quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company's stock valued at $656,000 after purchasing an additional 80 shares in the last quarter. Finally, Penobscot Investment Management Company Inc. grew its holdings in EOG Resources by 2.0% during the fourth quarter. Penobscot Investment Management Company Inc. now owns 4,065 shares of the energy exploration company's stock valued at $498,000 after purchasing an additional 80 shares during the period. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EOG has been the topic of several recent research reports. Wells Fargo & Company decreased their price objective on EOG Resources from $150.00 to $146.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Bank of America reduced their target price on shares of EOG Resources from $125.00 to $124.00 and set a "neutral" rating for the company in a report on Friday. Mizuho lowered their price target on shares of EOG Resources from $140.00 to $134.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Raymond James reiterated a "strong-buy" rating on shares of EOG Resources in a research report on Tuesday, May 20th. Finally, Piper Sandler reduced their price objective on shares of EOG Resources from $135.00 to $133.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Eleven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $139.79.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the sale, the chief operating officer now directly owns 47,732 shares in the company, valued at approximately $6,098,240.32. This represents a 7.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company's stock.

EOG Resources Price Performance

Shares of EOG traded down $0.58 during midday trading on Friday, hitting $110.22. 1,993,260 shares of the company traded hands, compared to its average volume of 3,291,067. The stock has a market cap of $60.15 billion, a price-to-earnings ratio of 8.87, a PEG ratio of 3.58 and a beta of 0.78. The firm has a 50 day moving average of $114.71 and a 200-day moving average of $123.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last posted its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, topping analysts' consensus estimates of $2.75 by $0.12. The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.92 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The firm's revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.82 earnings per share. On average, analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be given a dividend of $0.975 per share. The ex-dividend date is Thursday, July 17th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.54%. EOG Resources's dividend payout ratio is currently 36.18%.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.